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The Reserve Bank of India (RBI) on April 26 sought public comments on draft circular on ‘Digital Lending – Transparency in Aggregation of Loan Products from Multiple Lenders’.
The RBI said it has observed that many loan service providers offer aggregation services for loan products where the identity of the potential lender to the borrower may not be known upfront to the borrower.
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In the drfat circular, the RBI said the loan service providers need to…
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